{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-140",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-140.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/22/paragraph/140",
  "kind": "paragraph",
  "number": "140",
  "heading": null,
  "text": "(1) A company election made by a former tonnage tax company is ineffective if made before the end of the period of ten years beginning with the date on which the company ceased to be a tonnage tax company.\n(2) A group election that—\n(a) is made in respect of a group whose members include a former tonnage tax company, and\n(b) would result in that company becoming a tonnage tax company,\nis ineffective if made before the end of the period of ten years beginning with the date on which that company ceased to be a tonnage tax company.\n(3) Sub-paragraphs (1) and (2) do not prevent a company becoming a tonnage tax company under and in accordance with the rules in Part XII of this Schedule (groups, mergers and related matters).\n(4) In this paragraph “former tonnage tax company” means a company that is not a tonnage tax company but has previously been a tonnage tax company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/140",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}